As PWMania.com reported, these cuts are due to cost cutting measures. These talents were being paid a monthly guarantee with an additional fee when they were booked for events. TNA officials felt those cut were not being used regularly so there was no need to keep them under contract.

There has been a lot of talk about cost cutting ever since TNA decided to go on the road with Impact Wrestling. Some wrestlers have been grumbling about being paid late. One talent says he has heard stories of co-workers being paid two months late.

(Source: PWInsider)

Iam4Awesome

Why even have Gut Check if you are going to cut half of them? And why sign a contract to pay Gut Check winners a guarantee? If anything put an injury clause in the contract, that way you take out insurance policies on certain wrestlers.